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Tuesday, March 29, 2011 9:30:39 AM
What I don't like about it is that there's almost $5 million in "other current assets." What could this be? It's not cash or receivables or inventory or equipment, and it's definately the whole story of the balance sheet and I think the overall health of the company. It's a smokin' mirror for me at this point, and we need more disclosure to make sense out of it. Can anyone here on the Ihub board please find out the answer?
In your earlier email, you said that the ratio is always 1:1 - and you're correct if you're comparing assets to liabilities + equity. By default, the only way that assets = liabilities is if there's no equity in the company.
Sorry for the Accounting drivel - it's the way I'm wired. Hope I helped make some sense of it all and spurred some questions to Ms. Basu. I'm going to email her right now and see if I can get some clarity.
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